Curious to know how everyone is receiving contractor scope of work and pricing for rehab projects, do your contractors provide a scope of work with a lump sum total, or do they break down the items? For example, say y...
Hey BPer's! Quick rookie question! When evaluating a property for the first time to figure the approximate rehab cost, should I, A: Find and pay a contractor (which I don't have yet) to walk thru with me or B: Should ...
When your property is relatively inexpensive, say $200k, and you want cost segregation applied to it - is it worth it to hire a cost segregation firm and pay their fee? Before we explore this question, an important re...
I'm a real estate broker in Tucson, Az and I've been trying to buy my first flip home for the last 6 months or so and I keep getting outbid. I have studied flip books and repair costs etc, so I think my repair estima...
Hello everyone, I was looking for advice on how to proceed on a potential buy & hold property I am looking at. I made a very rookie mistake and got to eager to get a deal done and did not run the full numbers. Now...
I know for sure these numbers won't seem as great as a lot of the people who post on here (e.g. 42k purchase price, 1200/month rent...).I'm looking at a 3bed/2bath for 160k with probably 30k of repairs/fixes/updates n...
Hello, I am midway done through my first gut rehab and flip in Chicago. The costs were super cheap partly because of COVID and partly because most laborers came in as personal favors from a friend.I recently purchased...
I’m looking for a book to buy to learn more about construction estimating. I want to remodel a home and would like a book that gets into specifics about pricing. And strategies to get the best bang for your buck. I wa...
How can I estimate rehab costs? I’ve never done a BRRR before I have no idea what anything would cost. I think it’d be best to walk the property with a general contractor but I’d miss out on the deal. Any advice here?...
Hello everybody, I am a newbie investor from chicago land area and this is my first post. I have been following real estate investing and got in touch with a real estate agent who is working w...